Trading Edges That Last
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Lawrence's Comment Recap Traded above Y-0 early in the week points potential consolidation for the week. Failed to hold above Y-0 and slided towards Y-1. Failed to tag Y-1 and ...READ MORELawrence's Comment Recap Euro going lower to Y-2 as expected. Failed to clear the gap above gave us the Y-3 target below. Normal range expansion reached. Closed the week below Y-2 and ...READ MOREPrecog Vision – Forex 2023-2-133DP Odds Table (USDJPY) 2012-06-22EURUSD Aug 27 to Aug 31 Outlook3DP Odds Table (USDJPY) 2017-11-22Intraday Cycle Projection (USDJPY) 2018-07-09Intraday Cycle Projection (USDJPY) 2011-07-25Precog Vision – Forex 2013-10-2Dow 30 Mar 07 to Mar 11 OutlookIntraday Cycle Projection (USDJPY) 2021-07-12EURUSD Jan 12 to Jan 16 Outlook
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USDJPY Jul 22 to Jul 26 Outlook
Lawrence’s Comment
Consolidation as expected. 50% previous week range around Y-0. Closed above Y-0 and midpoint.
Outlook
As mentioned last week, “it looks like weekly level pullback but should be treated as consolidation”. The reason is simple – BOJ and Japanese government is pretty determined to keep the course of ninja staying at a level higher than 98. Until this policy has changed (e.g. very bad side effects experienced), it will be difficult for ninja to break the 98 floor.
So far ninja is in a daily level bear flag. As long as B+1 acts as resistance, a break of B-0 is likely with retest of B-1 as the target.
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